I imagine as-is meaning if you only spent 20k of a 40k job, then you earn 20k more, don’t you?

At that point, your return on investment should be much higher as you are deferring the taxes which allows your wealth to grow faster.Of course, this is all a guess, and I imagine by the time 10 years arrives, you and I will have dramatically changed our approach!

I'd have said cash back in 4 years...OK 5  6 7 years because I'll have to fix a few things here and there, but then I will have my money back and cashflow literally beyond anything I'd imagined before. 

You need to dig a small trench around the house, pour the properly diluted solution into the trench and then backfill the trench.

@Deren Huang RV vs MH pad: Depends on your state, but MH have anything from cinder block pilling to a full on poured slab with footing.

You can't imagine how many investors I worked with where they simply left closing costs(title costs, lender fees) out of basis calculation.2) Inform you of any strategies to reduce your tax liability.Most real estate Investors file the following forms(individual Level) just in case you had time to read some instructionsSchedule E - to report your rental incomeForm 4562 - To report/calculate depreciation expense on your tax returnForm 8582 - to report any losses that are suspended if your income is above $100,000

When it's going bad cash pours out.The move with low quality, high cap rate properties is scale & reserves.

I can't imagine it every costing $1M to build a 4 plex in MN....I have been looking at this pretty hard for myself, due to prices or lack of supply it seems that it would be cheaper to build a multi-family property in some areas than it would be to purchase one.In looking at a recent appraisal I have - under the cost approach they estimated rebuild cost at $85 per sqft (tired building). 

Imagine the best practices they will skip when it’s your money on the line.

Imagine you’re the CEO of Snapchat.